Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold and base metal project located 110 kilometres north of R...

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Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base ......

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Amex Drills 41.30 g/t Gold over 4.10 m including 202.81 g/t Au over 0.80 m in New Emerging Upper Gratien Zone, Perron Project


Amex Drills 41.30 g/t Gold over 4.10 m including 202.81 g/t Au over 0.80 m in New Emerging Upper Gratien Zone, Perron Project

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  • Shallow intercept of up to 41.30 g/t Au over 4.1 m including 202.81 g/t Au over 0.8 m in Upper Gratien Zone which is located 1.5 km from the Eastern Gold Zone,



  • Multiple Gold Intercepts in Eastern Gold Zone



  • Third Drill Arriving to Site January 6th, 2020



  • High Resolution Drone Magnetic Survey Completed



MONTREAL, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figures 1 and 2 below). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/.


The drill results include intersections from the Gratien Gold Zone (GGZ) and the Eastern Gold Zone (EGZ).


Figure 1: Perron Property with mineralized zones is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e13913f-9c3b-425e-8fe1-64ce4806be97 


Figure 2: Location of the Gold Zones at Perron is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/36a9c5ee-e007-4aa7-8316-7097937019cd 


At Gratien, the Upper Gratien is an emerging new zone which returned higher grade intercepts than previously identified, indicating the potential of multiple high-grade lenses within the overall large (1+ km) Gratien gold system.



  • Hole PEG-19-104 intersected 41.30 g/t Au over 4.10 m in the Upper Gratien Zone of the GGZ, including 202.81 g/t Au over 0.80 m. This intercept occurs at a shallow depth of ~65 vertical metres.


At EGZ, drilling continues to define and expand the HGZ and Denise zones



  • Hole PE-19-105 intersected the HGZ with an interval grading 2.81 g/t Au over 12.30 m including 23.06 g/t Au over 0.70 m at a vertical depth of ~330 m. Additionally, the Denise zone returned several intersections including 1.02 g/t Au over 4.30 m and 3.21 g/t Au over 6.20 m

  • Hole PE-19-109 returned 4.80 g/t Au over 4.20 m including 26.16 g/t Au over 0.70 m in the HGZ at 25 m from PE-19-105 and at a vertical depth of ~325 m.


Kelly Malcolm, Vice President Exploration of Amex, commented, “I am very pleased with the high-grade intercept in the Upper Gratien Zone, which is the strongest mineralization, on a metal factor basis, that has been identified in that zone to date. The possibility of a multitude of high grade lenses within the broader kilometre-long Gratien system is encouraging when contemplating either open pit or underground mining scenarios. The Eastern Gold Zone also continues to intersect meaningful intervals in both the HGZ and Denise zone which continue to define and expand the system. We are awaiting assays on a number of additional drillholes, many of which encountered visible gold.”


The third drill, which is scheduled to arrive on January 6th, will be dedicated to the regional exploration program comprised of approximately 20,000 m, of the 100,000 m drill program, targeting additional high-grade gold mineralization in the under-explored portions of the highly prospective Beaupré Rhyolite block. In addition, the Company recently completed a 600 line-kilometre survey of high resolution drone magnetics at a very tight line spacing of 25 m, flown at a low altitude.


Malcolm continued, “I am very satisfied with the quality of this geophysical survey and our preliminary review of the data has indicated a number of structures that were previously not visible on historical magnetic surveys. Some of these identified structures correspond with known mineralized gold horizons and we expect that the survey will be immensely helpful and prove to be an invaluable tool in identifying additional gold mineralization elsewhere on the property. The results of the survey will be released once data review and interpretation is completed.”


The drill results, reported from several zones across Perron’s gold-bearing corridor, continue to demonstrate the robust nature of the gold system identified to date on the Perron property. Continued work will focus on the definition and extent of these known zones as well as exploration along strike of the contact of the gold-bearing Beaupré Rhyolite which is comprised of the 7 km long southern Perron fault and the 8.4 km long northern Normetal fault, both of which are known as second-order thrust fault associated with high-grade gold mineralization.


Table 1: Assay results from Gratien, and EGZ zones on the Perron project


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=7727058876994539 

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  • Shallow intercept of up to 41.30 g/t Au over 4.1 m including 202.81 g/t Au over 0.8 m in Upper Gratien Zone which is located 1.5 km from the Eastern Gold Zone,
  • Multiple Gold Intercepts in Eastern Gold Zone
  • Third Drill Arriving to Site January 6th, 2020
  • High Resolution Drone Magnetic Survey Completed

MONTREAL, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figures 1 and 2 below). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/.

The drill results include intersections from the Gratien Gold Zone (GGZ) and the Eastern Gold Zone (EGZ).

Figure 1: Perron Property with mineralized zones is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e13913f-9c3b-425e-8fe1-64ce4806be97 

Figure 2: Location of the Gold Zones at Perron is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/36a9c5ee-e007-4aa7-8316-7097937019cd 

At Gratien, the Upper Gratien is an emerging new zone which returned higher grade intercepts than previously identified, indicating the potential of multiple high-grade lenses within the overall large (1+ km) Gratien gold system.

  • Hole PEG-19-104 intersected 41.30 g/t Au over 4.10 m in the Upper Gratien Zone of the GGZ, including 202.81 g/t Au over 0.80 m. This intercept occurs at a shallow depth of ~65 vertical metres.

At EGZ, drilling continues to define and expand the HGZ and Denise zones

  • Hole PE-19-105 intersected the HGZ with an interval grading 2.81 g/t Au over 12.30 m including 23.06 g/t Au over 0.70 m at a vertical depth of ~330 m. Additionally, the Denise zone returned several intersections including 1.02 g/t Au over 4.30 m and 3.21 g/t Au over 6.20 m
  • Hole PE-19-109 returned 4.80 g/t Au over 4.20 m including 26.16 g/t Au over 0.70 m in the HGZ at 25 m from PE-19-105 and at a vertical depth of ~325 m.

Kelly Malcolm, Vice President Exploration of Amex, commented, “I am very pleased with the high-grade intercept in the Upper Gratien Zone, which is the strongest mineralization, on a metal factor basis, that has been identified in that zone to date. The possibility of a multitude of high grade lenses within the broader kilometre-long Gratien system is encouraging when contemplating either open pit or underground mining scenarios. The Eastern Gold Zone also continues to intersect meaningful intervals in both the HGZ and Denise zone which continue to define and expand the system. We are awaiting assays on a number of additional drillholes, many of which encountered visible gold.”

The third drill, which is scheduled to arrive on January 6th, will be dedicated to the regional exploration program comprised of approximately 20,000 m, of the 100,000 m drill program, targeting additional high-grade gold mineralization in the under-explored portions of the highly prospective Beaupré Rhyolite block. In addition, the Company recently completed a 600 line-kilometre survey of high resolution drone magnetics at a very tight line spacing of 25 m, flown at a low altitude.

Malcolm continued, “I am very satisfied with the quality of this geophysical survey and our preliminary review of the data has indicated a number of structures that were previously not visible on historical magnetic surveys. Some of these identified structures correspond with known mineralized gold horizons and we expect that the survey will be immensely helpful and prove to be an invaluable tool in identifying additional gold mineralization elsewhere on the property. The results of the survey will be released once data review and interpretation is completed.”

The drill results, reported from several zones across Perron’s gold-bearing corridor, continue to demonstrate the robust nature of the gold system identified to date on the Perron property. Continued work will focus on the definition and extent of these known zones as well as exploration along strike of the contact of the gold-bearing Beaupré Rhyolite which is comprised of the 7 km long southern Perron fault and the 8.4 km long northern Normetal fault, both of which are known as second-order thrust fault associated with high-grade gold mineralization.

Table 1: Assay results from Gratien, and EGZ zones on the Perron project

Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=7727058876994539 


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